Stimulus Bigger Failure Than First Thought
December 14, 2011 | Filed Under Barack Obama, Budget, Business, Congress, Democrats/Leftists, Economy/Finances, Ethics, Government, Corruption, Jobs, Liberals, President, Regulation, RightPundits.com, Stimulus, Taxes, Warner Todd Huston | 1 Comment
-By Warner Todd Huston
Democrats have for at least a year claimed that Obama’s various stimulus plans were a great success — that they even “saved the country” — and put people back to work. But a new report by the Congressional Budget Office (CBO) is proving that claim to be chimerical.
Past news reports of Obama’s stimulus spending has claimed that 3.5 million jobs were “saved” or created by the stimulus programs. But new CBO numbers puts that at a far, far lower 600,000 jobs making the expense incurred to “save” or create those jobs ring in at $1.3 million per job. Not a very good deal, that….
Read the rest at RightPundits.com.
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